Reported 8 months ago
During today's shareholder meeting, Formosa Plastics revealed plans to collaborate with NVIDIA on developing generative AI for the petrochemical industry, aiming to enhance operational performance. Chairman Lin Chien-Nan expressed optimism despite challenges faced in the global economy, emphasizing strategies such as team rejuvenation, cost reduction, and market diversification. Under Wang Wen-yuan's leadership, the company has advanced AI and quantum computing research with significant time reductions in research and development. Additionally, future endeavors include joint research with NVIDIA in applying generative AI in the petrochemical sector.
Source: YAHOO